Home Prices Drop For 2nd Straight Month

MSNBC.COM - U.S.
home prices fell in most major cities for the second straight month,
further evidence that the housing recovery will be bumpy.

The Standard & Poor's/Case-Shiller index released Tuesday showed prices dropped in October from September in 19 of the 20 cities tracked.

Prices in a majority of cities declined for the second straight
month, reflecting the typically fall slowdown after the peak buying
season. Prior to that, prices had risen for five consecutive months in
at least half of the cities tracked.

The Case-Shiller index covers half of all U.S. homes. It measures
prices compared with those in January 2000 and creates a three-month moving average. The monthly data are not seasonally adjusted.

Atlanta, Detroit and Minneapolis posted the biggest monthly declines.
Prices in Atlanta and Las Vegas fell to their lowest points since the
housing crisis began. Prices rose in Phoenix after three straight
monthly declines.

David M. Blitzer, chairman of S&P's index committee, said steep
price drops in cities such as Atlanta, Chicago, Cleveland, Detroit and
Minneapolis were particularly worrisome because their gains earlier this
season were so strong.

"Atlanta and the Midwest are regions that really stand out in terms
of recent relative weakness," Blitzer said. "These markets were some of
the strongest during the spring/summer buying season."

Americans are reluctant to purchase a home more than two years after
the recession officially ended. High unemployment and weak job growth
have deterred many would-be buyers. Even the lowest mortgage rates in
history haven't been enough to lift sales.

Some people can't qualify for loans or meet higher down payment
requirements. Many with good credit and stable jobs are holding off
because they fear that prices will keep falling.

Sales of previously occupied homes are barely ahead of 2008's dismal
figures — the worst in 13 years. And sales of new homes this year will
likely be the worst since the government began keeping records a half
century ago. click here to read more

A man, claiming to be "the spawn of Lucifer," said he stabbed an eight-year-old boy because he "felt like he had to kill a child" and that it was "almost like a sacrifice." 30-year-old Bruce Derek Landahl was arrested Saturday for allegedly entering the HiCo store on Sprague, walking up to an eight-year-old boy playing on an iPad and stabbing him multiple times before the boy's father was able to stop him.

A man, claiming to be "the spawn of Lucifer," said he stabbed an eight-year-old boy because he "felt like he had to kill a child" and that it was "almost like a sacrifice." 30-year-old Bruce Derek Landahl was arrested Saturday for allegedly entering the HiCo store on Sprague, walking up to an eight-year-old boy playing on an iPad and stabbing him multiple times before the boy's father was able to stop him.

JBS USA has recalled nearly 100,000 pounds of ground beef due to concerns about possible e-coli contamination. The products have the establishment number Est.628 and were produced on October 24th. Products that were recalled were shipped to distributors in retail locations in California, Nevada, Oregon, Utah and Washington.

JBS USA has recalled nearly 100,000 pounds of ground beef due to concerns about possible e-coli contamination. The products have the establishment number Est.628 and were produced on October 24th. Products that were recalled were shipped to distributors in retail locations in California, Nevada, Oregon, Utah and Washington.

TRENTON, N.J. - An attorney for a woman charged with scamming GoFundMe donors with a story about a homeless veteran says she was duped by her former boyfriend. James Gerrow tells ABC's "Good Morning America" that Mark D'Amico was "calling the shots." Gerrow says Katelyn McClure thought she was helping Marine vet Johnny Bobbitt.

TRENTON, N.J. - An attorney for a woman charged with scamming GoFundMe donors with a story about a homeless veteran says she was duped by her former boyfriend. James Gerrow tells ABC's "Good Morning America" that Mark D'Amico was "calling the shots." Gerrow says Katelyn McClure thought she was helping Marine vet Johnny Bobbitt.

SPOKANE VALLEY, Wash. - A 30-year-old male is facing attempted murder charges after stabbing an eight-year-old boy at a HiCo store in Spokane Valley Saturday night. Around 4:30 p.m, Spokane Valley Deputies responded to a call of two males fighting along with the reported stabbing.

SPOKANE VALLEY, Wash. - A 30-year-old male is facing attempted murder charges after stabbing an eight-year-old boy at a HiCo store in Spokane Valley Saturday night. Around 4:30 p.m, Spokane Valley Deputies responded to a call of two males fighting along with the reported stabbing.

Several locals are trying to help the family of an eight-year-old boy, who was randomly stabbed at a gas station Saturday. Rayel Von Quade said she and three others (Salem Rose Sovereign, Quincey Brooks and Dani Loup) have been in touch with the Bush family. (KHQ has reached out to the family and have not heard back.) "They're, of course, very overwhelmed and stressed out right now and she's been dealing with a lot of messages from a lot of people coming through. But she says t...

Several locals are trying to help the family of an eight-year-old boy, who was randomly stabbed at a gas station Saturday. Rayel Von Quade said she and three others (Salem Rose Sovereign, Quincey Brooks and Dani Loup) have been in touch with the Bush family. (KHQ has reached out to the family and have not heard back.) "They're, of course, very overwhelmed and stressed out right now and she's been dealing with a lot of messages from a lot of people coming through. But she says t...